Asian equities showed signs of stabilizing on Thursday after a turbulent week. Taiwan and South Korea saw gains, while Japan’s Nikkei headed for a decline. Oil prices briefly soared due to Middle East tensions before slipping back below $90. The US Federal Reserve kept interest rates unchanged, leaving markets uncertain about future moves. Bond yields
Mahindra Group aims for substantial market share growth in India’s commercial vehicle sector. The company targets a 10-12% share of the heavy commercial vehicle market by FY31. It also seeks over 20% market share by FY36 after business consolidation. The combined entity will become India’s fourth-largest commercial vehicle player. Mahindra will focus on intermediate, light
GenAI will transform India’s labor market over the next decade. Tasks will be automated, and many jobs will be augmented by AI. The technology sector’s employment narrative is challenged by this evolving landscape. Global capability centers are expected to cushion the employment impact significantly. This shift will allow workers to focus on more complex and
Indian Premier League’s business value reached $20.6 billion in 2026, showing significant growth. Royal Challengers Bengaluru’s brand value crossed $300 million, marking a historic milestone. Mumbai Indians also saw its brand value increase, securing the second position. Landmark franchise transactions underscored the league’s strong investment appeal. Growing revenues and digital viewership continue to drive the
Oil prices declined on Thursday after a significant rally the previous day. Crude oil continued to move out of the Middle East despite escalating conflict. Shipping activity indicated that oil supplies were still finding routes out of the region. Military actions intensified with US-Saudi strikes targeting Iran-backed forces in Iraq. Saudi Arabia is reportedly assembling
Exporters face order uncertainty and higher logistics costs due to the West Asia crisis. Shipping schedules are delayed, and buyers are delaying purchase decisions. Commerce Minister Piyush Goyal met with export promotion bodies to discuss these issues. He backed further support for service exporters, especially hospitality and medical tourism. Despite global uncertainties, India’s merchandise exports
Gold loans are experiencing significant growth, driven by existing borrowers taking larger amounts. This surge also reflects a shift from unsecured personal loans to secured gold financing options. Gold loans now represent a substantial portion of total consumer credit in India. Non-banking financial companies have increased their market share in this growing segment. Experts anticipate
Banks collected nearly Rs 7,100 crore in minimum balance penalties during FY26. Private banks gathered Rs 4,948 crore, a significant increase from the previous year. HDFC Bank alone levied Rs 1,800 crore in charges from its customers. Ten public sector banks have discontinued these penal charges on savings accounts. Overall, banks notified customers before applying
Road transport minister Nitin Gadkari informed Rajya Sabha about E20 fuel impacts. Studies found no major performance impact on overall vehicle operations. BS-VI vehicles continue meeting emission norms when tested with E20 fuel. Legacy vehicles did not exhibit significant performance variations or abnormal wear. However, some BS-III vehicles may require rubber part replacements.
